Skandinaviska Enskilda Banken AB publ Sells 10,200 Shares of Credicorp Ltd. (NYSE:BAP)

Skandinaviska Enskilda Banken AB publ reduced its position in Credicorp Ltd. (NYSE:BAP) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,900 shares of the bank’s stock after selling 10,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Credicorp were worth $4,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Credicorp by 782.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after purchasing an additional 1,176,612 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Credicorp in the third quarter worth about $42,794,000. FMR LLC raised its holdings in Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares in the last quarter. TT International Asset Management LTD bought a new position in Credicorp in the third quarter worth about $25,081,000. Finally, SPX Gestao de Recursos Ltda bought a new position in Credicorp in the third quarter worth about $22,285,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Price Performance

Shares of BAP stock opened at $188.97 on Friday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The stock’s 50-day simple moving average is $184.10 and its 200-day simple moving average is $184.06.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.